LONDON (Alliance News) - Recruitment firm Nakama Group PLC said Friday that all payment plan obligations to the Australian Tax Office are being paid as they fall due, following its business referral agreement with shareholder Sheffield Haworth Ltd.
The agreement governs how revenues should be shared in the event of cross referrals, and sets out that between 15% and 30% of the permanent fees generated will be allocated to the introducing consultant's revenues.
Nakama said that the partnership has so far brought in new client wins in Singapore and in the UK.
In addition Deputy Chairman John Higham has stepped down from the company with immediate effect, after 18 years in his role since 2000 and 35 years in the company, which he founded in 1983.
Also, Nakama has appointed Sheffield Haworth's Patrick Meehan as finance director on a part-time basis.
"On behalf of the board I would like to thank John for the significant contribution that he has made to the group over the last 35 years. We have enjoyed working with John and we wish him well for the future. We welcome Patrick to the business, whom I know to be a strong and capable finance director from his role at Sheffield Haworth. Patrick brings valuable knowledge and experience and will be able to assist the Board in strengthening the finance function and ultimately delivering on our strategy," said Chairman Tim Sheffield.
Shares in Nakama Group were flat at 0.95 pence on Friday.
